Computation of Earnings Per Share

12 Months Ended

Jun. 25, 2017

20. Computation of Earnings Per Share

The computation of basic and diluted earnings per share (“EPS”) is as follows:

	For the Fiscal Year Ended
	June 25, 2017		June 26, 2016		June 28, 2015
Basic EPS
Net income attributable to Unifi, Inc.	$	32,875	$	34,415	$	42,151
Weighted average common shares outstanding		18,136		17,857		18,207
Basic EPS	$	1.81	$	1.93	$	2.32
Diluted EPS
Net income attributable to Unifi, Inc.	$	32,875	$	34,415	$	42,151
Weighted average common shares outstanding		18,136		17,857		18,207
Net potential common share equivalents – stock options and RSUs		307		558		629
Adjusted weighted average common shares outstanding		18,443		18,415		18,836
Diluted EPS	$	1.78	$	1.87	$	2.24
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		390		193		150
Excluded from the calculation of diluted shares:
Unvested stock options that vest upon achievement of certain market conditions		—		—		—

The calculation of earnings per common share is based on the weighted average number of UNIFI’s common shares outstanding for the applicable period. The calculation of diluted earnings per common share presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.